Congress Park Capital LLC Invests $204,000 in General Dynamics Corporation $GD

Congress Park Capital LLC purchased a new stake in General Dynamics Corporation (NYSE:GD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 700 shares of the aerospace company’s stock, valued at approximately $204,000.

Several other large investors have also recently bought and sold shares of the company. Mitchell & Pahl Private Wealth LLC increased its stake in shares of General Dynamics by 2.0% in the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 9,867 shares of the aerospace company’s stock valued at $2,878,000 after acquiring an additional 195 shares during the last quarter. Silver Oak Securities Incorporated increased its holdings in General Dynamics by 6.0% during the 2nd quarter. Silver Oak Securities Incorporated now owns 1,462 shares of the aerospace company’s stock worth $426,000 after purchasing an additional 83 shares in the last quarter. CX Institutional raised its position in General Dynamics by 3.5% in the 2nd quarter. CX Institutional now owns 14,349 shares of the aerospace company’s stock valued at $4,185,000 after buying an additional 481 shares during the last quarter. Weatherly Asset Management L. P. lifted its position in shares of General Dynamics by 2.3% in the second quarter. Weatherly Asset Management L. P. now owns 33,033 shares of the aerospace company’s stock worth $9,634,000 after purchasing an additional 736 shares in the last quarter. Finally, Pinnacle Bancorp Inc. boosted its holdings in General Dynamics by 3.5% during the second quarter. Pinnacle Bancorp Inc. now owns 2,348 shares of the aerospace company’s stock worth $685,000 after purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GD shares. Deutsche Bank Aktiengesellschaft upgraded General Dynamics from a “hold” rating to a “buy” rating and raised their price objective for the company from $298.00 to $342.00 in a report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their price target on General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Susquehanna increased their price objective on General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a report on Thursday, July 24th. Sanford C. Bernstein set a $314.00 target price on shares of General Dynamics and gave the stock a “market perform” rating in a report on Monday, July 14th. Finally, Robert W. Baird increased their price target on shares of General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $315.78.

General Dynamics Trading Down 0.1%

Shares of NYSE:GD opened at $324.10 on Friday. The company has a market capitalization of $87.18 billion, a P/E ratio of 21.75, a P/E/G ratio of 1.99 and a beta of 0.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The business’s 50 day simple moving average is $316.37 and its 200 day simple moving average is $289.68. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $330.18.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.27. The firm had revenue of $13.04 billion during the quarter, compared to the consensus estimate of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. General Dynamics’s payout ratio is presently 40.27%.

Insider Activity at General Dynamics

In related news, CEO Phebe N. Novakovic sold 129,090 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the sale, the chief executive officer owned 769,607 shares in the company, valued at approximately $241,325,666.99. This trade represents a 14.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark Malcolm sold 3,220 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the transaction, the director owned 10,186 shares of the company’s stock, valued at approximately $3,355,777.70. This represents a 24.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 275,020 shares of company stock worth $86,414,503 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.